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(1)A person is guilty of an offence if he is knowingly a party to the carrying on of a business to which this section applies.
(2)This section applies to a business which is carried on—
(b)with intent to defraud creditors of any person or for any other fraudulent purpose.
(a)a company [F3(as defined in section 1(1) of the Companies Act 2006)];
(b)a person to whom that section applies (with or without adaptations or modifications) as if the person were a company;
(c)a person exempted from the application of that section.
(4)F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)A person guilty of an offence under this section is liable—
(a)on summary conviction, to imprisonment for a term not exceeding 12 months or to a fine not exceeding the statutory maximum (or to both);
(b)on conviction on indictment, to imprisonment for a term not exceeding 10 years or to a fine (or to both).
(7)Subsection (6)(a) applies in relation to Northern Ireland as if the reference to 12 months were a reference to 6 months.
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
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